slide session 8 - project management

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23 Terms

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project

a temporary endeavor undertaken to create a unique product/service/result

  • often operates outside the functional structure of an organization

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project attributes

  • has a unique purpose

  • temporary

  • developed using progressive elaboration (continuously improving + detailing a plan)

  • requires resources from multiple areas

  • has a primary customer/sponsor (customer provides resources, sponsor provides direction for the project)

  • involves uncertainty

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project management

the application of knowledge, skills, tools, and techniques to project. activities to meet project requirements

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PM knowledge areas

  • core knowledge areas (3)

  • facilitating knowledge areas (5)

  • integrating knowledge area (1)

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core PM knowledge areas

  1. scope management

  2. time management

  3. cost management

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scope management

the work that must be completed on the project; identifying and monitoring completion of all tasks

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time management

determining a feasible timeframe for project completion; ensuring adherence to the established schedule

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cost management

establishing + actively managing the budget for the project

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the triple constraint (the project triangle/iron triangle)

the primary constraints to which a project must conform, but it also defines the criteria for success

  • consists of time, cost, and scope/quality

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recognizing tradeoffs

changes in one area will necessitate change in the others

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facilitating knowledge areas

  1. quality management

  2. human resources management

  3. communications management

  4. risk management

  5. procurement management

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quality management

monitoring and continuously improving the quality of work

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human resources management

acquiring and nurturing a strong team

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communications management

keeping people informed of project status and progress

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risk management

identifying and mitigating sources of project risk

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procurement management

acquiring external skills and resources when needed

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integrating knowledge area

project integration management

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project integration management

planning for and initiating all of the other PM knowledge areas

  • establishes the pattern: plan > execute > control

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the critical path

a technique used to predict total project duration

  • the set of activities that determines the earliest time that the project can be completed + the longest path (in duration) through a network diagram

  • determines the path with the least amount of slack

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slack

the amount of time an activity may be delayed without delaying a subsequent activity

  • also known as float

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key skills of a project manager

  1. leadership

  2. integrative planning

  3. team development

  4. communication

  5. technical performance

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additional PM skills

  • creativity as a problem solver

  • tolerance for ambiguity

  • credibility + enthusiasm

  • flexibility in management style

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scrum sprint

a time-controlled mini-project to implement part of the system